Nokia 2011 Annual Report Download - page 177

(1) Lalita D. Gupte did not stand for re-election in the Annual General Meeting held on May 3, 2011
and she held 17 910 shares at that time. Keijo Suila did not stand for re-election in the Annual
General Meeting held on May 3, 2011 and he held 19 632 shares at that time.
(2) The number of shares or ADSs includes not only shares or ADSs received as director
compensation, but also shares or ADSs acquired by any other means. Stock options or other
equity awards that are deemed as being beneficially owned under the applicable SEC rules are
not included. For the number of shares or ADSs received as director compensation, see Note 31
to our consolidated financial statements included in Item 18 of this annual report.
(3) For Jorma Ollila, this table includes his share ownership only. Mr. Ollila was entitled to retain all
vested and unvested stock options, performance shares and restricted shares granted to him in
respect of his service as the CEO of Nokia prior to June 1, 2006 as approved by the Board of
Directors. Therefore, in addition to the above-presented share ownership, Mr. Ollila held, as at
December 31, 2011, a total of 400 000 stock options, which all expired without exercise on the
same date. The information relating to stock options held by Mr. Ollila as at December 31, 2011 is
presented in the table below.
Stock Option
Category Expiration Date
Exercise
Price per
Share
(EUR)
Number of Stock Options
Total Intrinsic Value of
Stock Options,
December 30, 2011
(EUR)
Exercisable Unexercisable Exercisable Unexercisable
2006 2Q ....... December 31, 2011 18.02 0000
The number of stock options in the above table equals the number of underlying shares
represented by the option entitlement. The intrinsic value of the stock options in the above table is
based on the difference between the exercise price of the options and the closing market price of
Nokia shares on NASDAQ OMX Helsinki as at December 30, 2011 of EUR 3.77.
(4) Per Karlsson’s holdings include both shares held personally and shares held through a company.
Share Ownership of the Nokia Leadership Team
The following table sets forth the share ownership, as well as potential ownership interest through the
holding of equity-based incentives, of the members of the Nokia Leadership Team as at December 31,
2011.
Shares
Shares
Receivable
Through Stock
Options
Shares
Receivable
Through
Performance
Shares at
Threshold(4)
Shares
Receivable
Through
Performance
Shares at
Maximum(5)
Shares
Receivable
Through
Restricted
Shares
Number of equity instruments held by
Nokia Leadership Team(1) .......... 925509 4970949 993250
(6) 3 723 000(6) 1 983 500
% of the outstanding shares(2) ....... 0.020 0.134 0.027 0.100 0.053
% of the total outstanding equity
incentives (per instrument)(3) ........ 21.42 13.10 12.27 11.96
(1) Includes 13 Nokia Leadership Team members at year end. Figures do not include those former
Nokia Leadership Team members who left during 2011.
(2) The percentage is calculated in relation to the outstanding number of shares and total voting rights
of the company, excluding shares held by Nokia Group.
(3) The percentage is calculated in relation to the total outstanding equity incentives per instrument.
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